31.   A widening gap often hurts the dollar, since it means foreign exporters will have a wealth of dollars to sell for their own currencies when bringing funds home.

32.   A wider gap often hurts the dollar, since it means foreign exporters will have a wealth of dollars to sell for their own currencies when bringing funds home.

33.   European exporters have to hedge their profits, as well as run their business.

34.   Glowacki and others said they doubted whether the agreement would lead to a powerful rally for the dollar because Japanese exporters still have dollars to sell for yen.

35.   If the Japanese trade surplus with the U.S. expands, that hurts the dollar because Japanese exporters have more dollars to sell for yen to bring profits home.

36.   Meantime, the improving trade balance takes some pressure off the dollar as Japanese exporters have fewer dollars to convert to yen.

37.   Nevertheless, a falling surplus means Japanese exporters have fewer dollars to convert to yen, thus weakening demand for the Japanese currency.

38.   Smaller surpluses mean Japanese exporters have fewer dollars to change for yen when bringing profit home.

39.   Still, the smaller trade gap spurred expectations among currency traders that Japanese exporters will have fewer dollars to convert into yen.

40.   That means Japanese exporters have fewer dollars to sell for yen.